Fairlead Tactical Sector ETF (NYSEARCA:TACK) Short Interest Up 326.7% in July

Fairlead Tactical Sector ETF (NYSEARCA:TACK) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 10,991 shares, an increase of 326.7% from the June 30th total of 2,576 shares. Based on an average daily volume of 10,378 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.1% of the company’s stock are sold short.

Fairlead Tactical Sector ETF Trading Up 0.5%

Fairlead Tactical Sector ETF stock opened at $32.14 on Friday. The company has a market capitalization of $290.22 million, a P/E ratio of 17.28 and a beta of 0.51. The firm’s fifty day simple moving average is $31.51 and its 200-day simple moving average is $31.08. Fairlead Tactical Sector ETF has a 1-year low of $28.23 and a 1-year high of $32.25.

Hedge Funds Weigh In On Fairlead Tactical Sector ETF

Several institutional investors have recently bought and sold shares of TACK. Royal Bank of Canada lifted its position in shares of Fairlead Tactical Sector ETF by 118.2% in the fourth quarter. Royal Bank of Canada now owns 4,036 shares of the company’s stock worth $121,000 after buying an additional 2,186 shares during the last quarter. Comerica Bank acquired a new position in shares of Fairlead Tactical Sector ETF during the 3rd quarter valued at about $239,000. Fifth Third Bancorp bought a new position in shares of Fairlead Tactical Sector ETF in the 1st quarter valued at approximately $272,000. First Foundation Advisors bought a new position in shares of Fairlead Tactical Sector ETF in the 3rd quarter valued at approximately $275,000. Finally, Dakota Wealth Management acquired a new stake in Fairlead Tactical Sector ETF in the 4th quarter worth approximately $317,000.

About Fairlead Tactical Sector ETF

The Fairlead Tactical Sector Fund (TACK) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund relies on a proprietary, technical model to actively manage a US large-cap sector rotation strategy. During periods deemed risk-off, the fund toggles the exposure to short- or long-term US Treasurys or gold TACK was launched on Mar 23, 2022 and is managed by Fairlead.